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What to Know About Buying a Home During a Pandemic
So you want to purchase a home, but the coronavirus pandemic has turned life upside down. Many non-essential businesses are closed, people have been advised to remain close to home, and social distancing is ideal when interacting in person. Not to mention, with unemployment rates continuing to rise, banks have changed regulations to try and reduce their risks.
New Home Sales Jump in May as Housing Rebound Continues
In a further sign that the housing market is rebounding from the COVID-19 pandemic, sales of newly built, single-family homes rose 16.6 percent to a seasonally adjusted annual rate of 676,000 units in May from a downwardly revised reading in April
Federal Housing Administration Announces Guidance for Insuring Single Family Home Mortgages in Forbearance
The Federal Housing Administration (FHA) announced a new, temporary policy that provides guidance for lenders to obtain FHA insurance endorsements on mortgages where the borrower
Share of Mortgage Loans in Forbearance Increases to 8.36%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 8.16% of servicers' portfolio volume in the prior week to 8.36% as of May 17, 2020
VA, multiple agencies launch Joint Mortgage and Housing Assistance website for Americans impacted by...
To ensure homeowners and renters have current and accurate housing assistance information during the COVID-19 pandemic, the U.S. Department of Veterans Affairs (VA) today
Guaranteed Rate to Pay $15 Million to Resolve Allegations it Knowingly Caused False Claims...
Guaranteed Rate, Inc. has agreed to pay the United States $15.06 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) by knowingly
Share of Mortgage Loans in Forbearance Increases to 8.16%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 7.91% of servicers' portfolio volume in the prior week
MBA Statement on FHFA’s Announcement on Refinance and Home Purchase Eligibility for Homeowners in...
MBA President and CEO Robert D. Broeksmit, CMB, released the following statement regarding the Federal Housing Finance Agency's (FHFA) announcement on refinance and home purchase
Share of Mortgage Loans in Forbearance Increases to 7.91%
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance increased from 7.54% of servicers' portfolio volume in the prior week to 7.91%
April New Home Purchase Mortgage Applications Decreased 12 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2020 shows mortgage applications for new home purchases decreased 12 percent compared from a year ago.
MISMO® Launches Initiative to Apply Digital Mortgage Standards to the Loan Modification Process
MISMO®, the mortgage industry's standards organization, is seeking industry participants to join its initiative of applying digital mortgage standards, guidelines, and best practices
FHFA Mortgage Servicer Plan Only a First Step
"FHFA’s commitment to provide partial support to GSE mortgage servicers during this unimaginable national challenge is an important step, but only a first step. Additional efforts are needed to ensure servicers are able to provide the support to consumers promised by Congress.
3 Observations about property price trends in Australia
Housing is among the most valuable assets owned by most Australian households. It is a significant element of household wealth and provides a unique role as a valuable investment. With most people having secured small business loans and mortgages against residential homes in Australia, housing plays a significant role in balancing the financial sector.
MBA Statement on FHFA’s Announcement on Purchasing Qualified Loans in Forbearance
MBA President and CEO Robert D. Broeksmit, CMB, released the following statement regarding the Federal Housing Finance Agency's (FHFA) announcement on purchasing qualified loans in forbearance.
MBA Opens Doors Foundation Surpasses Milestone of Helping 5,000 Families
The MBA Opens Doors Foundation (Opens Doors) today announced that it has helped more than 5,000 families with mortgage and rental assistance since the launch of the Foundation's Home Grant Program in 2012.
MBA Statement on FHFA’s Announcement on Advance Obligation Limits for Loans in Forbearance
MBA President and CEO Robert D. Broeksmit, CMB, released the following statement regarding the Federal Housing Finance Agency's (FHFA) announcement on advance obligation limits
MISMO® Announces Certification Program for Remote Online Notarization
MISMO®, the mortgage industry's standards organization, today announced a new Remote Online Notarization (RON) certification program for RON providers and mortgage industry participants.
SIGTARP RECOMMENDS TREASURY PUT TO BETTER USE UNSPENT FUNDS IN TARP TO ENHANCE EXISTING...
The Hardest Hit Fund is a TARP program that is still open today – a program that has traditionally provided mortgage assistance for unemployed homeowners. As unemployment improved, Treasury
CFPB Impedes Ability to Ensure All Americans are Fairly Served in the Housing Market...
The Consumer Financial Protection Bureau (CFPB) yesterday issued a final rule that exempts more than 1,700 additional financial companies from reporting Home Mortgage Disclosure Act (HMDA) data about their lending. HMDA was enacted to combat lending discrimination by requiring companies to report public data
How to Find the Best Mortgage Insurance
When it comes to owning a home, there is little doubt that one of the things that might keep you up at night is undergoing a natural or accidental disaster that dramatically impacts the value of your home
